Client: A global real estate company [Name withheld for privacy]
Problem: The client corporation found themselves at a crossroads. They had heavily invested in a high-profile initiative – an IoT and mobility-based innovative solution for its enterprise clients, believing it would lead to substantial profits.
However, they discovered through GateZero’s tools that contrary to popular belief in the organization, the initiative had low possibility of success, and another low-visibility initiative – a legacy application transformation – had far more potential
Challenges: The primary challenge was in accurately evaluating the potential of each initiative to make an informed resource allocation decision. The root cause was the absence of effective tools to assess and evaluate initiatives, leading to misinformed resource allocation and the risk of heavy losses.
Cost for not solving the problem: The cost of not solving the problem would have been substantial. Continuing to invest in the underperforming high-profile initiative would have drained resources and potentially led to significant financial losses. Ignoring the promising low-visibility initiative would have resulted in missed profits and market opportunities.
Industry-wide problem: Industry data reveals a staggering dilemma within corporate America, where over $268 billion is squandered on failed IT initiatives. A startling 33% of IT initiatives meet outright failure and are forced to be shut down, while more than 50% fall short of delivering the expected results. Remarkably, a staggering 90% of innovative projects meet with disappointment.
What’s even more concerning is the time required to gauge the outcomes of planned initiatives, with results often not becoming apparent until 2 to 3 years down the road. For successful digital products, success is typically only achieved between the 21st and 25th iteration of the product, and the process of iterations and pivots can be extraordinarily expensive and time-consuming.
The opportunity costs associated with these failures are immense, and the success rate for AI – artificial intelligence products is a mere 13%. This disheartening scenario underscores the pressing need for solutions to identify initiatives destined to fail before investments are made.
How GateZero solved it: Enter GateZero. A transformative approach that not only detects initiatives destined for failure but also imparts the knowledge and tools to build successful innovations that unlock massive growth. These two profound benefits position any organization several years ahead of the competition, opening possibilities that would otherwise be attainable with GateZero.
GateZero’s Tools and Methodologies: GateZero provided a comprehensive set of tools, including the 8-Dimensional Problem Definition, Problem Score Card, and Revenue Score, to assess the potential and viability of each initiative accurately. These tools facilitated data-driven decision-making.
The outcome delivered by GateZero: The client corporation used GateZero’s tools to evaluate its initiatives. As a result, they made the critical decision to reallocate resources from the underperforming high-profile initiative to the promising low-visibility initiative. The outcome was a significant shift in focus and investment, leading to increased profitability and market competitiveness, all while avoiding heavy losses.
These decisions were made based on two scores GateZero produces for an evaluation – Opportunity score and Execution score. Opportunity score is an objective evaluation of the value of the problem being solved, and execution score is your unique capability to capitalize on that opportunity; for an initiative to get a “Go” recommendation, both these scores should be in the green zone.
GateZero benefits:
- Accurate Decision-Making: GateZero’s tools enabled the client Corporation to make accurate decisions based on data, averting the potentially disastrous consequences of heavy losses from misguided investments.
- Resource Optimization: The company optimized resource allocation, directing funds where they would yield the best results.
- Risk Mitigation: By assessing risks and opportunities, GateZero helped mitigate the risks associated with failed high-profile initiatives.
- Increased Profitability: Redirecting funds to the low-visibility initiative resulted in increased profitability and growth.
The total enterprise value of adopting GateZero: The client corporation significantly improved its enterprise value by using GateZero’s tools and methodologies—the reallocation of resources led to improved financial performance, enhanced market position, and increased shareholder value.
GateZero implementation for your organization”:Organizations looking to implement GateZero as their first technology value management platform can contact GateZero’s consulting services for guidance and support. The implementation involves training and integrating GateZero’s tools and concepts into the organization’s decision-making processes, leveraging multiple high-value, game-changing benefits to propel you several years ahead. The implementation typically only takes 2 weeks before you start deriving game-changing benefits.
This white paper highlights how GateZero’s innovative tools and methodologies enabled a client corporation to make informed decisions, optimize resource allocation, and ultimately avoid heavy losses while achieving significant profitability and enterprise value improvements.
Contact information.
Email: hemal�patel@gatezerodigital�com
Website: www�gatezerodigital�com
Phone: 1-469-231-1692
How to Enroll in GateZero Training: Interested organizations and individuals can enroll in GateZero’s training programs by visiting the GateZero website or contacting their training department. They offer comprehensive training on their innovative tools and methodologies.
